IGNOU : M.COM : IBO 4 : UNIT 1 : Q - 2. Explain the procedures of registration formalities and export licensing.

 

Ans. Procedure to Obtain Export License

An application for grant of export license may be made in the prescribed form to the Director General of Foreign Trade or its Regional Licensing Authority. The application shall be accompanied by the documents prescribed therein. There is no application fee on export license permits.

For restricted item an application is to be made in duplicate in the appropriate forms. There are two different export license application forms:

Application for export of restricted items except  special chemical and special and materials, equipments and technologies. This form is sent to the Director General of Foreign Trade, New Delhi.